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Frequently Asked Questions about Buying Timeshare (FAQ)

This page covers many of the good reasons to buy a timeshare resale using the convenient self-service, subscription resale option offered on this website.

Q. What are your fees?

Commission only, paid by either buyer or seller. Commissions may vary depending on a number of factors, including the resort, location of timeshare. The percent is typically higher than residential real estate due to the nature of the product.

Q. What is Right of First Refusal (ROFR)?

Developer's right to buy back the interval. Developer replaces the buyer but terms of the contract remain the same. ROFR fluctuates from developer to developer depending on a number of conditions, including contract terms and market conditions.

Q. How much are closing costs?

Closing costs vary based on the title company, resort, contract terms and if insurance is needed. Typically buyer's responsibility unless negotiated otherwise and varies from $300-$750. Some resorts or regions require additional fees which can increase closing costs to well over $1,500.00.

Q. What is the timeframe for closing?

Closings for timeshares typically take some time to complete. A general average is 90 days, but some closings will take longer. Some of the reasons for the delay include waiting for a response from a resort on a ROFR request (this can take up to 30 days), completing a title search, documents being signed and returned in a timely matter by both parties and some counties do not allow for electronic recording of deeds, which delays the process.

Q. What is the difference between buying resale instead of through the developer?

This depends on the developer. For most resorts, there is no difference. However, larger developers, such as Disney and Marriott place restrictions on benefits that will not transfer to a buyer on the resale market.

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